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Pulse Data Inc. provides update on Alberta Securities Commission hearing concerning Quantum offer
Pulse Data Inc. provides update on Alberta Securities Commission hearing concerning Quantum offer.
About this update from Pulse Seismic Inc.
[{"type":"text","content":"\n\n\n\nTSX: PSD\n\n\nCALGARY, June 26 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company")\nannounces that the Alberta Securities Commission has scheduled a hearing for\nFriday, June 29, 2007 commencing at 10:00 a.m. regarding Pulse's application\nfor an order to cease-trade the unsolicited offer received on June 19, 2007\nfrom Quantum Yield Inc. ("Quantum") to acquire all of the shares of Pulse.\n\n\nAs indicated in Pulse's news release dated June 25, 2007, Pulse has been\nadvised by external legal counsel that Quantum's offer contains serious\ndeficiencies under applicable securities laws, resulting in incomplete and\nmisleading disclosure to Pulse shareholders.\n\n\nA copy of the full application to the Alberta Securities Commission is\nbeing posted on Pulse's website at www.pulsedatainc.com.\n\n\nPulse recommends that shareholders reject the offer and not tender their\nshares. At minimum, shareholders delay making a decision in respect of the\noffer until after the hearing.\n\n\nDisclaimer: Certain information contained herein may constitute\nforward-looking statements under applicable securities laws. Such statements\nare subject to known or unknown risks and uncertainties that may cause actual\nresults to differ materially from those anticipated or implied in the\nforward-looking statements. Investors are encouraged to review the "Risk\nFactors" section of the Management's Discussion and Analysis in the Company's\nmost recent Annual Report and interim reports for a discussion of risks that\ncould affect the Company's operations and financial results. Forward-looking\nstatements are based upon management's assumptions, expectations and estimates\nat the time that such statements are made. Pulse does not update\nforward-looking statements should circumstances change or management's\nassumptions, expectations or estimates change, unless required by law.\n\n\n","length":1975,"tagName":"div"}]